The ISP will either provide a static address or dynamic address that must be acquired through use of DHCP. If you’re hosting web services, a dynamic address likely won’t work since the 1:1 NAT parameters or DNS would inevitably change (though there are mechanisms which could circumvent this issue, like DDNS).
Steps to configure:
- Enable IP Routing on the router. You’ll need it to set the default static route.
- Add the IPv4 address and netmask to the interface.
- No shut the interface
- Configure the default route to the next-hop address provided by the ISP.